This book inspires some confidence about India's capacity to face the present worrisome phase
|Growth and Finance:|
Essays in Honour of
Edited by Sameer Kochhar
The emerging context has some notable features that are favourable to sustaining fast growth. Exports and mounting foreign exchange reserves are supportive of growth. The demographic dividend offered by the changing age-distribution profile of the population holds an exciting prospect. However, at the moment, there are dark clouds on the horizon raising serious concerns. The United States and Europe are going through a turbulent phase and it has its own impact on the Indian economy. Experts warn of a slowdown in growth as a consequence of India's global linkages. The common man is already struggling to cope with the persisting high inflation rate. A slowdown in growth could impose further burdens which may well prove to be the proverbial ‘last straw'.
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